[lbo-talk] China's sovereign wealth fund raises stake in U.S. company to 12.5%

uvj at vsnl.com uvj at vsnl.com
Mon Oct 27 13:37:54 PDT 2008


China's sovereign wealth fund raises stake in U.S. company to 12.5% http://news.xinhuanet.com/english/2008-10/18/content_10213561.htm

www.chinaview.cn 2008-10-18

BEIJING, Oct. 18 (Xinhua) -- China Investment Corporation (CIC), the country's 200-billion-U.S.-dollar sovereign wealth fund, has raised its stake in U.S. investment group Blackstone LP to more than 10 percent -- still short of the 12.5 percent limit recently agreed between the two parties, a source close to the deal said. http://news.xinhuanet.com/english/2008-10/18/content_10213561.htm



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